Can Quillio handle startup formation?
Yes. I handle Australian startup formation — company incorporation with ASIC, founder agreements, vesting schedules, cap table structuring, and the initial set of constitutional documents. For founder teams taking investment, I align the formation documents with what investors expect at seed and Series A.
Incorporation
I draft the constitution, the initial ASIC Form 201, and the officer and shareholder resolutions. For startups planning to raise, I use a constitution that supports different share classes, drag/tag rights, and share buy-backs. Boilerplate Pty Ltd constitutions often do not.
Founder agreements and vesting
Founder vesting is essential — typically 4 years with a 1-year cliff, reverse vesting on existing shares so leavers return unvested stock. I draft the founder agreement with vesting, IP assignment, confidentiality, non-compete, and good/bad leaver treatment.
Cap table and option plan
I set up the initial cap table and draft the employee share option plan (ESOP) tax-concessioned under Division 83A. Option issues to foreign employees need additional care — I flag where specialist tax advice is needed.
Common issues
- ESOP tax-concessional treatment has strict conditions — confirm eligibility
- Co-founder equity splits often regretted — encourage real conversation before drafting
- IP assignment from founders to the company needs proper deed execution — do not skip
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